Morgan Stanley Seems to Be A Bit Concerned
Morgan Stanley has issued a full recession alert for the US economy, warning of a sharp slowdown in business investment and a "perfect storm" for consumers as the housing slump spreads.
In a report "Recession Coming" released today, the bank's US team said the credit crunch had started to inflict serious damage on US companies.
The full article is here:
Morgan Stanley issues full US recession alert
Going to be some interesting years ahead.
Art
